Invesco Preferred ETF
327 hedge funds and large institutions have $2.3B invested in Invesco Preferred ETF in 2017 Q4 according to their latest regulatory filings, with 87 funds opening new positions, 130 increasing their positions, 63 reducing their positions, and 21 closing their positions.
314% more first-time investments, than exits
New positions opened: 87 | Existing positions closed: 21
106% more repeat investments, than reductions
Existing positions increased: 130 | Existing positions reduced: 63
25% more funds holding
Funds holding: 261 → 327 (+66)
17% more funds holding in top 10
Funds holding in top 10: 18 → 21 (+3)
4% more capital invested
Capital invested by funds: $2.2B → $2.3B (+$95.3M)
0.66% more ownership
Funds ownership: 40.77% → 41.43% (+0.66%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$29.5M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$9.23M |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
+$8.61M |
| 4 |
LPL Financial
San Diego,
California
|
+$6.8M |
| 5 |
SBWM
Sunflower Bank Wealth Management
Scottsdale,
Arizona
|
+$5.57M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Prudential Financial
Newark,
New Jersey
|
-$10.8M |
| 2 |
PFG
Piershale Financial Group
Barrington,
Illinois
|
-$7.43M |
| 3 |
AWMG
Alliance Wealth Management Group
Flemington,
New Jersey
|
-$6.7M |
| 4 |
Invesco
Atlanta,
Georgia
|
-$5.06M |
| 5 |
AP
Advisors Preferred
Rockville,
Maryland
|
-$4.37M |
PGX Hedge Fund Activity: Q4 2017 in Review
327 of the 4,419 institutional investors tracked by Wall St. Rank reported a position in Invesco Preferred ETF (PGX) for Q4 2017, worth a combined $2.3B — up 4.3% from $2.2B a quarter earlier.
Buyers outnumbered sellers: 87 funds opened new PGX positions and 21 closed out — a net gain of 66 holders — while 130 added to existing stakes and 63 trimmed.
The largest buyer was Bank of America, adding an estimated $29.5M. The largest seller was Prudential Financial, cutting an estimated $10.8M.
- 327 institutional investors held Invesco Preferred ETF (PGX) as of Q4 2017, up from 261 in Q3 2017.
- Funds reported $2.3B of Invesco Preferred ETF stock for Q4 2017, up 4.3% quarter-over-quarter.
- 87 funds opened new Invesco Preferred ETF positions in Q4 2017 and 21 closed out, a net change of +66 holders.
- The largest Invesco Preferred ETF buyer in Q4 2017 was Bank of America, an estimated $29.5M added.
- The largest Invesco Preferred ETF seller in Q4 2017 was Prudential Financial, an estimated $10.8M sold.
Based on aggregated 13F filings for Q4 2017.